Various
Many
noun, な adjective
This is a weird word, sorry ahead of time. You have the formal name title plus another formal name title (thanks to the 々). When you have several different kinds of formal name titles you have all kinds of fancy people that you're talking to. Each one of them is different. There are many various people!
The reading is just the reading you learned with the kanji. The second one is ざま however, which plays right into the "various" meaning of the word. There's even various ways to read さま in this word!
様々な意見
various opinions
様々な問題
various problems
様々な活動
various activities
色んな人がいるので、様々な意見が出るのは当たり前です。
Since there are many different people, it is natural that a variety of opinions will be expressed.
その発言に対しては様々な受けとり方ができると思います。
I think there are various ways to interpret that remark.
これについては、まだ様々な問題があります。
There are still various issues regarding this matter.
やっぱり、好きなものは、人様々ですね。
Of course, people like different things.
同じ家で育った兄弟でも性格は様々です。
Even siblings raised in the same house have different personalities.